Marc Dreier's Fire Sale at Sea

Lawyer Marc Dreier pleaded guilty to charges he bilked investors out of hundreds of millions of dollars a couple of weeks ago, and he remains under house arrest until his sentencing next month. (He may end up with a life sentence if prosecutors get their way.) He's been having trouble paying his bills since he was first indicted several months ago. According to his lawyer, Dreier even had to dip into his son's bar mitzvah fund recently to cover his living expenses. Perhaps that's why his yacht, which is one of a bunch of Dreier's assets now up for sale, was just discounted? Dreier's "Escape" (or "Seascape"), which was originally listed at $13.5 million, was just reduced to $12.5 million. After the jump, a few photos of the boat where Dreier probably spent many hours plotting and scheming.

This image was lost some time after publication.This image was lost some time after publication.This image was lost some time after publication.

Seascape [Camper & Nicholsons]Marc Dreier's Assets Up For Sale For A Discount [Luxist]